Harvard Business Review

MAY 25, 2017

On November 9, 2016, the shareholders of Australia’s largest company, and the world’s tenth-largest bank , revolted. The Commonwealth Bank appeared to shareholders as simply putting out a fire. The future of corporate reporting lies in an integrated approach. It has no intention of doing so.

TSR 9

TSR Banking Committee Incentives 9

Harvard Business Review

DECEMBER 1, 2016

We break down empathy into categories: ethics, leadership, company culture, brand perception, and public messaging through social media. Additional geographies, including Africa, will be added in the next report, in March 2017. Empathy, we found, is correlated with ethics, and any ethical failure can prove costly.

Company 8

Company Ethics Automotive Metrics 8

Harvard Business Review

JUNE 13, 2012

That meant Enron was able to report $3.3 billion in net income during the five years prior to its bankruptcy in 2001, while only $114 million in net cash was generated (or a mere 3% of reported income). a survey indicated that fewer than 60% of the Secret Service personnel said they would report ethical misconduct.

Management 12

Management Banking Committee Risk Management 12

Lead Change Blog

MARCH 12, 2015

In a post, we shared how the Lead Change Group was incubated by people who wanted to capture the idea of leadership being espoused by a group of leaders in social media and internet channels in the summer and fall of 2009. An excerpt from chapter two, Why Character-Based Leadership, authored by Chery Gegelman , appears here.

Crisis 150

Crisis Books Ethics Incubator 150

Harvard Business Review

JULY 1, 2016

In late 2014, poised to publish a report on women’s ambition , we stumbled on a startling fact: black women are nearly three times more likely than white to aspire to a position of power with a prestigious title. Both women came from educated parents (Drew Jarvis’s father was a physician and researcher who pioneered blood banks).

Banking 11

Banking Bond Diversity Resistance 11

Harvard Business Review

FEBRUARY 3, 2014

The bank earned about $18 billion, down from $21 billion the year before. He criticized the bank and himself for the Whale. They arose in different parts of the bank, not just one dysfunctional unit. They have seriously corroded the bank’s reputation with regulators, a number of investors, and the public.

Banking 8

Banking Fashion CEO Short-term 8

Harvard Business Review

JUNE 8, 2011

Examples abound of other recent failures: Hewlett-Packard CEO Mark Hurd resigned for submitting false expense reports concerning his relationship with a contractor. Farkas, former chairman of giant mortgage lender Taylor, Bean & Whitaker, in April was found guilty for his role in one of the largest bank fraud schemes in American history.

Ethics 15

Ethics Stress Charisma Crisis 15

Harvard Business Review

FEBRUARY 6, 2014

Maggie eventually was fortunate enough to find a sponsor and today is an executive at a global financial advisory firm with 22,000 people reporting to her. When asked how she had built great relationships with three different sponsors, Sian McIntyre, head of Legal at Lloyd’s Banking Group, says simply, “I’ve delivered.”

Loyalty 10

Loyalty Bottom-up Short-term Bond 10

Strategy Driven

FEBRUARY 4, 2011

How much further should we extend ethics? Sadly, many of the perpetrators did not see lapses in ethics… it was legal and just business to them. By maintaining an awareness of further changing environments, there are further opportunities to be successful, ethical and move ahead of the competition.

Ethics 58

Ethics Cost Crisis Learning-by-Doing 58

Harvard Business Review

DECEMBER 1, 2010

Friedman , professor of management at the Wharton School and the founding director of the Wharton School's Leadership Program and Wharton's Work/Life Integration Project. Remember that your team — peers and direct reports — is affected by your work schedule, so you need everyone's support to make your new arrangement a success.

Proposal 15

Proposal Case Study Policies Long-term 15

Harvard Business Review

JANUARY 10, 2013

This escalation illustrates a significant change: highly expensive scandals across business sectors , not just in single companies, and this is reflected in the January 7th agreement by major banks to pay $8.5 Other banks are considering whether to join the agreement (e.g. billion due to derelict mortgage and foreclosure processes.

Finance 8

Finance Banking Press Release Pharmaceuticals 8

Harvard Business Review

MAY 29, 2013

In late 2012, Bank of America announced that it was preparing to add more restrictions to its work-from-home program, reportedly to increase efficiency. For upper-middle class men, notes sociologist Michèle Lamont, ambition and a strong work ethic are "doubly sacred. Recent events confirm this. But the issue here is not money.

Morale 9

Morale Class Cooper Ethics 9

Strategy Driven

MARCH 11, 2011

These observations are intended to contextualize the Enron case studies in broader terms than were reported in the news media: Conditions Which Allowed It to Occur. In my opinion, deregulation, as a whole, has worked negatively upon business and society (banking, airlines, trucking, and broadcasting), and the SEC is no exception.

Strategic Planning 57

Strategic Planning Committee Golden Handcuff Media 57